Offshore China Tech IPO Wave Should Peter Out By Next Year [Seeking Alpha]
Youdao, Inc. American Depositary Shares, each representing one Class A Ordinary Share (DAO)
Company Research
Source: Seeking Alpha
Offshore China Tech IPO Wave Should Peter Out By Next Year Summary The stream of new China tech listings in both New York and Hong Kong has continued relatively strong. The thesis is that many of the now coming to market are being driven by company founders and backers whose main interest is opening up a channel for getting their money out of China as other channels dry up. Investors are getting tired of the money-losing status of many of the companies now listing, especially ones without a clear road map to profitability. Bottom line: I've been trying for quite some time to call the end of the current wave of China tech , which is the longest I can recall in my nearly two decades of covering the sector. That wave recently passed a major milestone with the second anniversary of the Hong Kong IPO for ZhongAn ( OTCPK:ZZHGY BABA OTCPK:TCEHY But despite thinking the end was near on several occasions, the stream of new listings in both New York and Hong Kong has continued relatively stron
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News
- Youdao, Inc. (NYSE: DAO) was downgraded by analysts at Citigroup Inc. from a "buy" rating to a "neutral" rating.MarketBeat
- MoonFox Analysis | Large Models Implemented in K12 Online Education: Continuous Innovation and Upgrade of Product Functions in Off-campus Scenarios [Yahoo! Finance]Yahoo! Finance
- Youdao 2024 Annual General Meeting of ShareholdersPR Newswire
- Youdao Inc (DAO) Q3 2024 Earnings Call Highlights: Revenue Growth Amidst Strategic Shifts [Yahoo! Finance]Yahoo! Finance
- NetEase Q3 Earnings: Top Forecasts As Cloud Music Grows, Gaming Weakens [Yahoo! Finance]Yahoo! Finance
DAO
Sec Filings
- 11/26/24 - Form S-8
- 11/14/24 - Form SC
- 11/14/24 - Form 6-K
- DAO's page on the SEC website